Tag: Data

On-Chain Indicator Signals Bitcoin Cycle Top Is Far Ahead – Data Confirms Bullish Outlook

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Este artículo también está disponible en español. Bitcoin currently ranges between $65,000 and $69,500 following two weeks of bullish price action, sparking renewed optimism among analysts and investors. The prevailing sentiment is that BTC is on the verge of reaching new all-time highs in the coming weeks, with confidence building that March’s cycle top predictions may have been premature.  Related Reading Key metrics from CryptoQuant reveal that Bitcoin is still far from typical cycle-top conditions, instead signaling a bullish outlook as we move into November. As the U.S. election approaches…

Bitcoin (BTC) Price Has Less Than 10% Chance of Reaching $100K by Year-End, Options Market Data Shows

Options-implied probabilities are calculated by using the Block-Scholes model or other pricing models that take into account factors like current spot market price, strike price, time to expiration, volatility, and the risk-free rate. Options-based probabilities are positively correlated with implied volatility: The greater the volatility, the higher the odds of bitcoin hitting certain levels. Source

Would Bitcoin Reclaim $70,000 Soon? Key Data Suggests New Investors Hold the Key

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

BTC Rebounds to $67K After Subdued U.S. Economic Data Reading

The number of so-called whales or network entities owning at least 1,000 BTC jumped to 1,678 early this week, reaching the highest since January 2021, according to data tracked by Glassnode and Bitwise. The growing accumulation by large holders alongside solid uptake for alternative vehicles, especially the U.S.-listed spot ETFs, suggests increasing confidence in bitcoin’s price prospects. Meanwhile, retail investor accumulation has slowed, with the cryptocurrency’s price nearing $70,000, according to analytics firm CryptoQuant.”Retail holdings have risen by just 1K Bitcoin in the last thirty days, a historically slow pace,”…

Gold Rally Needs to Pause for Bitcoin (BTC) Price to Break All-Time High, Data Suggests

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BTC, the leading cryptocurrency by market value, has been trading back and forth in a wide range between $50,000 and $70,000 since April, with several crypto-specific and macro factors consistently capping the upside. Meanwhile gold has surged by over 20% during the same time, reaching new record highs above $2,700. The yellow metal is up 37% this year. Silver, for its part, is up 43% this year after almost touching $35 on Tuesday, marking a 12-year high. Original

Statement in response to the introduction of the Data Use and Access Bill in the House of Lords

John Edwards, Information Commissioner said: “We welcome the introduction of the Data Use and Access Bill in the House of Lords and look forward to seeing it progress through parliament to Royal Assent. This is an important piece of legislation which will allow my office to continue to operate as a trusted, fair and independent regulator and provide certainty for all organisations as they innovate and promote the UK economy. “Our response to the bill will be published in due course.” Source

Why Partisia’s Blockchain May Be Uniquely Placed to Solve the Data Privacy Issue

“Partisia was founded to tackle a critical ‘real world’ challenge: enabling collaboration on sensitive data without compromising privacy,” Youngman said. “Our blockchain draws on decades of cryptographic expertise from pioneers like Ivan Damgård allowing us to build solutions that not only overcome barriers to real-world adoption but also create entirely new business models, giving individuals and enterprises unprecedented control over their data.” Source

Bitcoin miner Revolve Labs proposes $60m data center in Minnesota

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Colorado-based Bitcoin mining company Revolve Labs has announced plans to build a $60 million data center in Glencoe, Minnesota, as part of its effort to expand its mining capacity.  The proposed facility would include one or two AI data centers, cooling systems, and backup generators, according to the Minnesota Star Tribune. Its goal is to bolster the company’s ability to process Bitcoin (BTC) transactions while addressing local concerns about noise pollution. The facility, currently in the preliminary planning stages, would employ around 10 people and could cost between $40 million…